Correlation Between Alcon AG and Aclarion
Can any of the company-specific risk be diversified away by investing in both Alcon AG and Aclarion at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Alcon AG and Aclarion into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Alcon AG and Aclarion, you can compare the effects of market volatilities on Alcon AG and Aclarion and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Alcon AG with a short position of Aclarion. Check out your portfolio center. Please also check ongoing floating volatility patterns of Alcon AG and Aclarion.
Diversification Opportunities for Alcon AG and Aclarion
Excellent diversification
The 3 months correlation between Alcon and Aclarion is -0.54. Overlapping area represents the amount of risk that can be diversified away by holding Alcon AG and Aclarion in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Aclarion and Alcon AG is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Alcon AG are associated (or correlated) with Aclarion. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Aclarion has no effect on the direction of Alcon AG i.e., Alcon AG and Aclarion go up and down completely randomly.
Pair Corralation between Alcon AG and Aclarion
Considering the 90-day investment horizon Alcon AG is expected to under-perform the Aclarion. But the stock apears to be less risky and, when comparing its historical volatility, Alcon AG is 2.16 times less risky than Aclarion. The stock trades about -0.1 of its potential returns per unit of risk. The Aclarion is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest 732.00 in Aclarion on July 20, 2025 and sell it today you would earn a total of 72.00 from holding Aclarion or generate 9.84% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
Alcon AG vs. Aclarion
Performance |
| Timeline |
| Alcon AG |
| Aclarion |
Alcon AG and Aclarion Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Alcon AG and Aclarion
The main advantage of trading using opposite Alcon AG and Aclarion positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Alcon AG position performs unexpectedly, Aclarion can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Aclarion will offset losses from the drop in Aclarion's long position.| Alcon AG vs. Teleflex Incorporated | Alcon AG vs. West Pharmaceutical Services | Alcon AG vs. ResMed Inc | Alcon AG vs. ICU Medical |
| Aclarion vs. Bullfrog AI Holdings, | Aclarion vs. Bluejay Diagnostics | Aclarion vs. ENDRA Life Sciences | Aclarion vs. Soligenix |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.
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